Here you will find a concise summary of the day’s most important developments in the world of blockchain technology and digital assets.
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Blockchain news

Phase 0 of Polygon Labs’ roadmap to Polygon 2.0 consists of four major protocol updates: the beginning of the MATIC to POL upgrade; the adoption of POL as the native (gas) token for PoS; the adoption of POL as the staking token for PoS; and the introduction of the Staking Layer, which will allow validators to secure multiple chains in the Polygon 2.0 ecosystem. The Polygon 2.0 development team claims their goal is to provide infinite scalability and uniform liquidity by expanding the Ethereum blockspace to build the Value Layer of the Internet.

Investment news

The release said that Ripple Labs will be expanding the availability of its Liquidity Hub, a platform that allows firms to purchase, trade, and hold digital assets, to Brazil and Australia. The team has improved the user experience for several markets by implementing new features to optimise operations, including as enhanced trading UI elements and service level agreements (SLAs) for crypto deposit processing. A sandbox environment is one of the many upcoming features it mentioned as reasons for its optimism.

In a $45 million settlement, crypto miners Celsius and Core Scientific ended their legal dispute. In documents filed with the court, the parties said, “after months of negotiations, Celsius and Core have now consensually resolved their long-running disputes and agreed to a global settlement that will fully resolve this litigation.” According to the document, Celsius has agreed to buy the Cedarvale mining site from Core Scientific. The location will play a significant role in Celsius’ restructured mining company. The $45 million acquisition price will be funded in significant part by the settlement funds from Celsius’s claims against Core Scientific. A monetary payment of $14 million was announced.
In the LBRY case, well-known cryptocurrency attorney and Crypto Law founder John Deaton filed a Notice of Appearance on behalf of Amicus Curiae Naomi Brockwell. “Win, lose, or draw, we will be in the fight,” Deaton tweeted. An amicus curiae is someone who is not a party to the case but has significant interests in the outcome.

Pharma and Healthcare platform XRP Healthcare announced the launch of its XRPH Mobile Wallet, which is available to download on the App Store and Google Play. Per the press release, the XRPH Wallet is a non-custodial wallet backed by Ripple’s XRP Ledger. The wallet integrated the XRPH Prescription Savings Card, enabling users to save through discounts of up to 80% on their prescriptions and medications. The feature comes with unlimited use, and customers receive XRPH rewards every time their card is used.

After blockchain infrastructure business Paxos said it had made a mistake by paying more than $500,000 in fees, the miner who had received the BTC 19.8 in fees opted to refund the monies to Paxos. That miner “was annoyed and regretted agreeing to refund that 20 BTC,” he stated on Thursday.